Estd. 1g42
Habib Insurance Company Limited
Head Office : Habib Square, M.A. Jinnah Road, P.O. Box # 5217, Karachi.
Tel: 32424211, 32421882, 32420516, 32424030, 38 & 39
UAN : 111-030303 Fax : (92-21) 2421600
October 30, 2025
The General Manager
Pakistan Stock Exchange Limited Stock £xchange Building
Stock Exchange Road
Karachi.
Subject: Financial Results for the quarter ended September 30,2025Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Thursday October 30, 2025 at 12:30 p.m. at the Corporate Office of the Company, recommended the following:
CASH DIVDEND Nil
- BONUS SHARES Nil
RIGHT SHARES Nil
The required Statements of Financial Position, Statements of Profit and Loss, Statements of Changes in Equity and Statements of Cash Flows are attached.
The Quarterly report of the Company for the period ended September 30, 2025, will be transmitted through PUCARS separately, within the specified time.
Thanking you Yours faithfully,
For and on be half of,
Habib Insurance Company Limited.
Muhammad Asif Company Secretary
Encl: As Above
Estd. 1942
Head Office : Habib Square, M.A. Jinnah Road, P.O. Box # 5217, Karachi Tel: 32424211 , 32421882, 32420516, 32424030, 38 & 39
UAN : 111-030303 Fax : (92-21) 2421600
Condensed Interim Statement of Financial Position (Unaudited)
s ct September J0, zazs
September 3O, December 31, 2025 2024
(Un-audited) (Audited)
(Rupees in '000) ••-••-
Properly and equipment | 97,5OS | 98,414 | |
Intangible assets | 11,172 | 13,358 | |
Investments | |||
Equity securities | 2,730,337 | 2,009,403 | |
Debt securities | 884,251 | 526,085 | |
Loans. deposits and olher receivables | 85,406 | ||
Insurance / reinsurance receivables | 1,5t9,345 | 1.528,029 | |
Reinsurance recoveries against outstanding claims | 846,9B8 | 580.330 | |
Salvage recoveries accrued | 8,gdS | 110,252 | |
Deferred commission expense | 199,288 | 212,519 | |
Prepayments | 705,083 | ||
Taxation - payment less provision | 31,875 | 43,950 | |
Cash and bank | 21,499 | 250,601 | |
7,076,760 | 6,164,430 | ||
Total Assets of Window Takaful Operations • Operator's Fund | 321,817 | 320,283 | |
Total Assets | 7,398,577 | 6,484,713 | |
EQUITIES AND LIABILITIES | |||
Capital and resarves attributable to Company's equity holders Ordinary shara capital | 619,374 | 619.374 | |
Reserves | 1,643,903 | 1,150,819 | |
Unappropriated profit | 204,695 | 285,227 | |
Total Equity - | 2,467,972 | 2,055,420 | |
Liabilities | |||
Underwriting provisions | |||
Outstanding claims including IBNR | 1,375,777 | 1,044,318 | |
Unearned premium reserves | 1,47g,514 | 1.517,6d7 | |
Premium deficiency reserves | quo | 7, z69 | |
Unearned reinsurance commission | 153,308 | 191, 175 | |
Retirement benefit obligations | 92,43Y | 82,704 | |
Deferred taxation - net | 296,886 | ||
Lease liability against right of use assets | 25,762 | ||
Borrowings | 113,718 | ||
Premium received in advance | 158,878 | 101,647 | |
Insurance / reinsurance payables | 524,259 | 563,811 | |
Other credilois and accruals | 360,18s | 403,835 | |
Total liabilities of conventional | 4,722,599 | 4.235,6S4 | |
Total liabilities of window takafuT operations • Operator's Fund | 208,006 | 193,639 | |
Total TiabiTities | 4.429,283 | ||
Total Equity and Liabilities | 6,484,713 | ||
Contingencies and commitments |
Esd.1942
Head Office Habib Square, M.A. Jinnah Road, P.O. Box # 5217, Karachi Tel: 32424211, 3242 882, 324205 16, 32424030, 38 & 39
UAN : 111-030303 Fax . (92-21) 2421600
Condensed Interim Statement of Profit or Loss and Other Comprehensive Income (Unaudited)
For Ihe nine mon!hs perioâ en0ea September 30, 2025
Three months perlod ended Nine months period
September 3g, ended September 30, 2025 2024 2OZ5 2024
(Unaudited) (Unaudited)
---- (Rupees in TOO) ----
Net insurance premium Net Insurance claims | 439,139 | 342.852 | 1.297,1T4 | 1.093.362 |
Reversal of premium deficiency | ||||
Net commission revenue Insurance claims and acquisition expenses | (343,272} | (238,724) | {840,985) | (686,855) |
h1anagemenl expenses | (157.484) | (163,718) | (503,659) | (542,132) |
Underwñting resells | (61,617) | (59,590) | (47,470) | (135,625) |
Investment incama - nel | 53,39+ | 57,200 | 3 4 5,786 | 204,180 |
Olher income | 2,387 | 24,619 | 9,207 | 92,191 |
Other expenses | (6,725) | (3,300) | (30,673} | (10,144) |
Res ulta of operatic g activities | (12,661) | t8,929 | 246,850 | 150,602 |
Finance costs | {985) | (2,652) | (3,703} | (6,131) |
Profit/ {lo*s) before tax from window takaful operations • Operator's Fund | 26,136 | 3,294 | {1fi,833} | 48, 267 |
Profit before tax | 1 2,490 | 19,571 | 230,314 | 192,738 |
Income tax expense | (3,131) | (11,473) | (7I ,971} | (66.0fi4) |
Profit after tax | 9,359 | 8,098 | 158,343 | 126,684 |
Other comprehensive Income: | ||||
Items lhal may be reclassified subseguently to proFil and loss account | ||||
Unrealised gain on revaluañon of available-for-sale investments | 213,773 | |||
Less: Net (loss)/ gains transferred to profit and loss | ||||
on disposal / redemption impairment of investments | ||||
Relaled tax impact | 213, 7?'3 (61 994 | |||
Other comprehensive income from window takaFuI operations- Opera for's Fund | 151.779 |
Other comprehensive income/ (loss) for the period
528,491 |
528,491 (153,262 |
375,229 |
375,229
23,037) |
(2:3,037) G 681 |
(16,356) |
(16,356)
647.155 (114,643/ |
532,S12 (154,42d) |
378.0a4 |
378, 08d
151,779
Total comprehensive income/ (Iass} for the period (8.258)
536,427
278. 463
(Rupees)
Earning per share - Rupees
0.08
0.07
1.28
1.02
Estd. 1942
Head Office : Habib Square, M.A. Jinnah Road, P.O. Box # 5217, Karachi.
Tel: 32424211 , 32421882, 32420516, 32424030, 38 & 39
UAN : 111-030303 Fax : (92-21) 2421600
Condensed Interim Statement of Cash Flow (Unaudited)
For the rj*ne monfns par!od enâeâ Saplembar 30, 2025
Operating cash flow
Reinsurance and olher recoveries received
Commission paid
Commission received
Net cash flows from underwriting activities
(h Other operating activities
Income tax paid
Other operating payments Other operating receipts Loans advanced
Loan repayment received
62,e32 | 125,060 |
126,656 | 42,471 |
(594,078) | |
(14,960) | (31,707 |
550 | 906 |
Net cash flowe from other operating activities
September 30 September 30
2025 2024
{Unaudited)
(Rupees in '000)
2.520,1+7 | 2,363,259 |
(1,1e8,548) | (1,250,597 |
(1,521,251) | (1,245,653 |
890,304 | 595.782 |
t3$2,671) | (305,967) |
249,966 | 356,343 |
637,8d7 513,167
(64.228) | (61,345) |
(537,229) | (592,267] |
8,9e9 | 3 605 |
(5,T92) | (2,917 |
11,271 | 16,244 |
{$86,989) (636,680)
Total cash flows from all operating activities | 50,858 | (123.513) | |
Profit / return received | |||
Dividend received | |||
Payment for investments | |||
Proceeds from *nvestments | |||
Fixed capital expend ture | |||
Proceeds from sale of property, plant and equipmenI | |||
Total cash flows from Investing activities | (255,659) | (357.34 8) | |
£inancing activities Rentals paid | (1 3 | 14 7 |
Dividends paid
Total cash flows from financing activities
Net cash flowe from all activities
Cash and cash equivalents at beginning of year Cash and cash equivalents at end of the period
12 | {75 }19|7
{138,019) (B9,873)
{3d2,820) (570.734)
280.601 471.369
(92,219) (99.365)
Operadng cash flows | 50,858 | ( 173.013) |
Depreciation and amortisation expense | (25,560) | (23,497) |
Income tax paid | 64,228 | 61,345 |
Provision for gratuity | (13, 014) | ( 17,737) |
Provision for impairment | (403) | (9.042) |
Graluity paid | 661 | d.69d |
Profit / return received | 62,632 | 125,060 |
Dividends received | 126,656 | 142,4 7 1 |
Gain/ (loss) on sale of investments Financial charges expense | 11+,643 {3.703) | {6,131) |
Profit on disposal of property, planf and equipment | 60 | 304 |
Provision uf taxation | (71,971) | (66, 054) |
Prcfit from window Takaful Operations- Operator's Fund | (12,833) | 48,267 |
Increase / (decrease) in assefs other than cash | 31,520 | 244,884 |
(Increase) / decrease in liabilities other than borrowings Profit after taxation
{164,631) (254.369)
158,343 126.684
Estd. 1942
Head Office Habib Square, M.A. Jinnah Road, P.O. Box # 5217, Karachi Tel. 32424211 , 32421882, 32420516, 32424030, 38 & 39
UAN : 111-030303 Fax : (92-21 ) 2421600
Condensed Interim Statement of Changes in Equity (Unaudited)
Fo he nine monies period ended September 30, 2025
AttributabIe to equity holders of the Company
Cap+tal
Revenue reserves
reserves
Share | Reserve for | General | Ayailabl e- | Unappropriated | Total equity |
cap ftal | exce ptfonal | reserve | for-sale | profit |
BManseasa1Jan«ay01.3024
Profil after tax for the period
619,374 9, 122 3?'5, 000 384,94 0
4 35,01 2 1,503,453
126,6B4 | 126,684 |
Other comprehensive income for the peñod - net of tax
( net unrealized Toss on revaluation of available for sale inveslments )
Total comprehensive income for the period | 151,779 | 1 26,684 | 278,+ 63 | ||||
Transaction with owner dlrectly | |||||||
recorded wlth equity Final dividend of Rs. 0.625 Per share for the | |||||||
year ended December 31, 2023 | (77,422) | (77,4 22) | |||||
Transfer to general reserve | 35, 000 | (35.000) | |||||
Balance as al September 30, 2024 | 619.374 | 9,132 | 390,000 | 536,724 | 149,274 | 1,704,494 | |
Badanoe as at Jan uary 01. 202 S | 619,3T4 | 9,122 | 390,000 | 7II ,697 | 285,327 | 2,065,420 | |
Profif after tax for the period | 158.343 | 158,34 3 | |||||
Other comprehensive income for the period - | |||||||
net of lax ( net unrealized loss on revaluation of available for sale investments ) | |||||||
Total comprehensive income for the period | 158,343 | 536,427 | |||||
T r a ns a etione w*tk owners d{rectIy | |||||||
recordeo In equity Final dividend of Rs. 1.00 Per Share for fhe | |||||||
year ended December 31, 2024
Transfer to general reserve
(123, 075) {123.675)
(115,000)
Balence as at September 30, 20y5
619.374 9,132 505,000 1,129,781
204, 695 2.467.972